ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Trade

Sri Lanka's vital EU trade privileges hang in the balance

Dark human rights record could nix tax-free status in largest export market

The European Union will visit Sri Lanka next week to see if a desperately needed trading concession should be suspended because of a recent "U-turn" there on human rights. (Nikkei montage/Reuters)

COLOMBO -- When a special five-member European Union delegation arrives in Colombo on Monday, its review of a vital trade concession could lead to substantial export losses for Sri Lanka, which has already suffered a steep drop in foreign reserves.

The European delegation will confer with stakeholders to learn more about something else many believe to again be in decline in the South Asian island nation: human rights.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more